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I really like electronics. I am currently working on an Access 2010 Database for inventorying components, with queries to find parts that need to be reordered, find parts by part type/manufacturer/quantity/etc, and forms for entering data, and reports based on some of the queries. If anyone wants me to upload the database as a template, I will do so and put a link here. It may take a while to get the entire database set up, though.

EDIT: Here[^] is the folder with the 'Electronics Parts' database. I will update it with features if they are requested.

When I got re-interested in electronics a couple of years back I wrote a component organizer WinHeist[^] and have had some success with it but it took a long time and effort to get it out there.
Good luck, I would be interested in your progress.

I've been wanting to make something like this for a while, except using SQL. At some point I want to add an LED to each slot in a couple of component drawers and have them connected to my PC so when I lookup a component within the program it flashes an LED in one of the slots showing you where it is.

Not really, all my PC's have RS-232 sockets plus several USB sockets I'm going to have a microcontroller connected to one of these and then the firmware I write for it can deal with lighting up the specified LED(s).